H2O America (NASDAQ:HTO) Coverage Initiated at Robert W. Baird

Investment analysts at Robert W. Baird initiated coverage on shares of H2O America (NASDAQ:HTO) in a report released on Friday, MarketBeat reports. The brokerage set an “outperform” rating and a $67.00 price target on the utilities provider’s stock. Robert W. Baird’s target price points to a potential upside of 14.51% from the company’s current price.

Several other analysts also recently weighed in on HTO. Zacks Research downgraded H2O America from a “hold” rating to a “strong sell” rating in a research note on Thursday, January 22nd. UBS Group set a $61.00 price target on H2O America in a research note on Friday, January 9th. Weiss Ratings reissued a “hold (c-)” rating on shares of H2O America in a report on Thursday, January 22nd. Wall Street Zen lowered H2O America from a “hold” rating to a “sell” rating in a research note on Saturday, February 28th. Finally, BTIG Research restated a “buy” rating and set a $61.00 price objective on shares of H2O America in a report on Tuesday, March 3rd. Four research analysts have rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $62.00.

H2O America Stock Up 2.0%

Shares of HTO stock traded up $1.15 on Friday, hitting $58.51. The stock had a trading volume of 67,069 shares, compared to its average volume of 448,484. The firm has a market capitalization of $2.12 billion, a price-to-earnings ratio of 19.98, a P/E/G ratio of 2.90 and a beta of 0.48. The stock’s 50 day moving average is $53.60 and its 200-day moving average is $50.17. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.70 and a current ratio of 0.70. H2O America has a 52-week low of $43.75 and a 52-week high of $58.93.

H2O America (NASDAQ:HTO) last released its quarterly earnings results on Wednesday, February 25th. The utilities provider reported $0.46 earnings per share (EPS) for the quarter. H2O America had a net margin of 12.81% and a return on equity of 7.08%. The firm had revenue of $194.19 million for the quarter, compared to the consensus estimate of $195.73 million. H2O America has set its FY 2026 guidance at 3.080-3.180 EPS. As a group, research analysts expect that H2O America will post 2.75 earnings per share for the current year.

Institutional Trading of H2O America

Several hedge funds have recently made changes to their positions in HTO. Vanguard Group Inc. acquired a new position in H2O America during the 4th quarter valued at approximately $133,834,000. Amundi acquired a new stake in H2O America in the third quarter worth $105,965,000. Cerity Partners LLC bought a new stake in H2O America in the fourth quarter valued at $70,830,000. Morgan Stanley lifted its stake in H2O America by 123.0% in the fourth quarter. Morgan Stanley now owns 1,368,180 shares of the utilities provider’s stock valued at $67,027,000 after buying an additional 754,715 shares during the last quarter. Finally, State Street Corp boosted its holdings in shares of H2O America by 4.6% during the fourth quarter. State Street Corp now owns 1,359,773 shares of the utilities provider’s stock valued at $66,615,000 after acquiring an additional 59,799 shares during the period. Institutional investors own 84.29% of the company’s stock.

H2O America Company Profile

SJW Group, through its subsidiaries, provides water utility and other related services in the United States. It operates in Water Utility Services and Real Estate Services segments. The company engages in the production, purchase, storage, purification, distribution, wholesale, and retail sale of water and wastewater services; and supplies groundwater from wells, surface water from watershed run-off and diversion, reclaimed water, and imported water purchased from the Santa Clara Valley Water District.